Hobby Lobby

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Hobby Lobby

7370 Woodward Ave Woodridge IL DuPage County

Sales Price: $3,762,238

Cap Rate: 8.00%

Lease Expiration: 7/31/2024

Contact Person(s): Daniel Kukes
Maxwell Lippitt
Kevin Baker
Jason Greenspan

Description:

EXCELLENT LOCATION & VISIBILITY. MULTIPLE POINTS OF ACCESS.

  • The subject property sits just west of I-335 (134,468 CPD) and is the first shopping center drivers encounter heading west off of exit 15.
  • Hobby Lobby (separately parceled) with operate as a stand alone investment property while benefiting from being in a Home Depot anchored power center.
  • The center also has excellent access off 75th Street (32,298 CPD) as well as Woodward Ave (16,503 CPD).
  • Subject property sits 30 miles from the Chicago CBD and is surrounded by the neighboring Naperville, Downers Grove, Bolingbrook, Aurora and Orland Park.

STRONG, CREDIT WORTHY TENANT

  • Hobby Lobby is the largest privately owned arts and crafts retailer in the world with over 43,000 employees and 822+ locations. Hobby lobby reports an annual revenue of just under $5 Billion.

ROBUST DEMOGRAPHICS

  • The surrounding area possesses a very strong demographic base with: 251,602 estimated population and $118,408 average household income within a five mile radius of the property
  • 77.6% of people are college educated within a five mile radius of the subject location.

WELL ESTABLISHED RETAIL CORRIDOR

  • The subject property sits within a strong retail corridor surrounded by tenants such as Home Depot, Walmart, Five Below, Kohl’s, Aldi, Old Navy, TJ Maxx, etc.

Building Size: 42,997 SF

Lot Size: 3.41 AC

Demographic Info:

Population Density: 15,919 98,320 251,602
Avg. HH Income: $98,589 $114,692 $118,408

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.